Page 747 - Insurance Statistics 2021

Indian Non-life Insurance Industry
Yearbook 2018-19

Other Miscellaneous segment in Rural premium is 69% in 2018-19, with the Crop Segment being the majority contributor .

The Motor OD premium has grown at a CAGR of 12.1% over the period 2009-10 to 2018-19.
Chart 4.2.1 Segment-wise share of Rural Premium - 2018-19
Table 4.3.1 Motor OD
69.0%
80%

70% 2018-19 Value
8,28,79,322
No. Of Policies
60%
Share of GDPI (in %) 50% 18.3% No. Of Claims Reported 79,41,510
26,487
Premium (in Cr)
40%
No. Of Paid Claims
74,68,521
30%
18,849
20%
3.8% 8.5% Amt of Paid Claims(in Cr) Premium booked in India considered
10% 0.4%
0%
Chart 4.3.1
Line of Business

Property Marine & Aviation Health & Accident Motor Overall Other Miscellaneous
30,000 27,745 28,092

25,140

24,000 22,714
20,730
19,572

18,090

₹ in Crores
Rural premium as a percentage of overall premium decreased from 24.3% in 2017-18 to 20.4% in 2018-19. 18,000 15,295
Rural areas contributed approximately one-fifth of the national premium in FY 18-19. 12,000 10,013 12,408
Chart 4.2.2 Rural / Urban Premium Percentage of Overall GDPI
6,000
100% 78.2% 75.7% 80.0% -
Percentage of Business 60% 21.8% 24.3% 20.0% Year
80%

40%

20%
data submitted by companies
0% Source: Council Compilation as per source
The Gross Incurred Claims Ratio for Motor Own damage segment has been in the range of 53% – 73% over the period
2009-10 to 2018-19. Gross Incurred Claims increased by approximately 9% as compared to 2017-18, largely driven by
multiple flooding events in Urban areas in the last year.
Year

Urban Rural

88 89